International economics

Romania's foreign trade deficit widens by almost 2.1bln euros after 9 months, to over 12bln euros

The deficit in Romania's FOB /CIF trade balance reached 12.045 billion euros in the first nine months of 2019, higher by 2.089 billion euros y-o-y, according to data published by the National Institute of Statistics (INS) on Monday. According to INS, in the first nine months of 2019, the FOB exports amounted to 51846.7 million euro and the CIF imports amounted to 63891.7 million euro.

European markets enjoy the most investor confidence

This year's edition of the Foreign Direct Investment Confidence Index is titled Glass half full. It finds that while business executives are increasingly worried about the negative effects of politics, they are nevertheless optimistic with regards to the global economy and the opportunities that foreign direct investments bring.

IFC, FMO invest in Finans Leasing to help boost energy efficiency in Turkey

The International Finance Corporation (IFC), a member of the World Bank Group, and the Dutch Entrepreneurial Development Bank (FMO) are providing a long-term loan to Finans Leasing, a leading Turkish leasing company and a subsidiary of QNB Finansbank, the institutions said in a press release on May 4. 

Turkey ranks 71st in UN Human Development Index

Turkey has scored 71 out of 188 countries on the Human Development Index (HDI) for 2016, according to the United Nations Development Programme's (UNDP) latest Human Development Report. 

The report said that Turkey's HDI value rose one place compared to 2015, putting it 71st with a score of 0.767, up from the previous year's score of 0.761.